Key Market Indicators
Exports of Norwegian wool are expected to reach nearly $47 million by 2026, up 1.5% annually. This follows an average 4% year-on-year increase since 1998. Norway was ranked 30th in 2021, with Lesotho ahead of it at $43 million. China, Italy and Germany came in second, third and fourth, respectively. Imports of Norwegian wool are anticipated to reach around $116 million by 2026, increasing at a CAGR of 2.8% annually. Since 1998, demand has grown at a 7.3% year-on-year rate. In 2021, Norway was ranked 22nd, with Egypt ahead at $98 million. Italy, Germany and the United Kingdom came in second, third and fourth, respectively.
